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U.S. Dollar / Russian Ruble
Long

RUBLE/ROUBLE troubles

By pato
Updated
The rouble has seen weakness since the recent Syria debacle, and this weakness looks to continue longterm as shown below. But as for now, here is a shorter term outlook with a great risk/reward ratio trade.

Below is a rough longterm forecast/scenario:

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LONGTERM RUBLE OUTLOOK:

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A closer look into current developments

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upon inspecting the price action on the ruble index, we there are some hints that we may see some upside before the longer-term decline continues.

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might be time for a consolidation
Chart PatternsroublesanctionsTrend AnalysisUSDRUBvalarcciWave Analysis
pato

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